“Our digital payments ecosystem has been developed as a free public good. This has radically transformed governance, financial inclusion, and ease of living in India…Examples like UPI can be templates for many other countries too. We would be happy to share our experience with the world. And, the G20 can be a vehicle for this,” PM Modi said during his virtual address at the inaugural meeting of G20 finance ministers and central bank governors in Bengaluru. Saying that India has created a highly secure, highly trusted, and highly efficient public digital infrastructure over the past few years, the PM called on the G20 representatives to experience how Indian customers have ‘willingly’ adopted digital payments.
The two-day meeting of the G20 Ministers will cover issues related to leveraging digital public goods infrastructure for scaling financial inclusion; financing resilient, inclusive, and sustainable cities for tomorrow; and strengthening multilateral development banks to address issues related to sustainable development goals. The event was also attended by Finance Minister Nirmala Sitharaman, RBI Governor Shaktikanta Das, International Monetary Fund (IMF) MD Kristalina Georgieva, Economic Affairs Secretary Ajay Seth, Infosys cofounder and co-chair of India’s G20 Task Force on Digital Public Infrastructure for Economic Transformation Nandan Nilekani, among others.
Besides, the government has also set up a task force on Digital Public Infrastructure for Economic Transformation, Financial Inclusion and Development to aid in the project. With projects like UPI, ONDC, account aggregator network and other pieces of the IndiaStack, a host of new startups have emerged in the country while developing a clutch of new use cases for the government to offer targeted delivery of services and increasing transparency and accountability.
The meeting, spread over three sessions on Friday and Saturday, will cover issues like leveraging digital public infrastructure for advancing financial inclusion and productivity gains, financing resilient, inclusive, and sustainable cities for tomorrow, and strengthening multilateral development banks to address shared global challenges like sustainable development goals.
“ Our digital payments ecosystem has been developed as a free public good. This has radically converted governance, fiscal addition, and ease of living in India exemplifications like UPI can be templates for numerous other countries too. We’d be happy to partake our experience with the world. And, the G20 can be a vehicle for this, ” PM Modi said during his virtual address at the initial meeting of G20 finance ministers and central bank governors in Bengaluru. Saying that India has created a largely secure, largely trusted, and largely effective public digital structure over the once many times, the PM called on the G20 representatives to witness how Indian guests have ‘ willingly ’ espoused digital payments. The two- day meeting of the G20 Ministers will cover issues related to using digital public goods structure for spanning fiscal addition; backing flexible, inclusive, and sustainable metropolises for hereafter; and strengthening multinational development banks to address issues related to sustainable development pretensions. The event was also attended by Finance Minister Nirmala Sitharaman, RBI Governor Shaktikanta Das, International Monetary Fund( IMF) MD Kristalina Georgieva, Economic Affairs Secretary Ajay Seth, Infosys cofounder andco-chair of India’s G20 Task Force on Digital Public structure for Economic Transformation Nandan Nilekani, among others.
Besides, the government has also set up a task force on Digital Public structure for Economic Transformation, Financial Addition and Development to prop in the design. With systems like UPI, ONDC, regard aggregator network and other pieces of the IndiaStack, a host of new startups have surfaced in the country while developing a clutch of new use cases for the government to offer targeted delivery of services and adding translucency and responsibility. The meeting, spread over three sessions on Friday and Saturday, will cover issues like using digital public structure for advancing fiscal addition and productivity earnings, financing flexible, inclusive, and sustainable metropolises for hereafter, and strengthening multinational development banks to address participated global challenges like sustainable development pretensions.
“Our digital payments ecosystem has been developed as a free public good. This has radically transformed governance, financial inclusion, and ease of living in India…Examples like UPI can be templates for many other countries too. We would be happy to share our experience with the world. And, the G20 can be a vehicle for this,” PM Modi said during his virtual address at the inaugural meeting of G20 finance ministers and central bank governors in Bengaluru. Saying that India has created a highly secure, highly trusted, and highly efficient public digital infrastructure over the past few years, the PM called on the G20 representatives to experience how Indian customers have ‘willingly’ adopted digital payments.
The two-day meeting of the G20 Ministers will cover issues related to leveraging digital public goods infrastructure for scaling financial inclusion; financing resilient, inclusive, and sustainable cities for tomorrow; and strengthening multilateral development banks to address issues related to sustainable development goals. The event was also attended by Finance Minister Nirmala Sitharaman, RBI Governor Shaktikanta Das, International Monetary Fund (IMF) MD Kristalina Georgieva, Economic Affairs Secretary Ajay Seth, Infosys cofounder and co-chair of India’s G20 Task Force on Digital Public Infrastructure for Economic Transformation Nandan Nilekani, among others.
Besides, the government has also set up a task force on Digital Public Infrastructure for Economic Transformation, Financial Inclusion and Development to aid in the project. With projects like UPI, ONDC, account aggregator network and other pieces of the IndiaStack, a host of new startups have emerged in the country while developing a clutch of new use cases for the government to offer targeted delivery of services and increasing transparency and accountability.
The meeting, spread over three sessions on Friday and Saturday, will cover issues like leveraging digital public infrastructure for advancing financial inclusion and productivity gains, financing resilient, inclusive, and sustainable cities for tomorrow, and strengthening multilateral development banks to address shared global challenges like sustainable development goals.
“ Our digital payments ecosystem has been developed as a free public good. This has radically converted governance, fiscal addition, and ease of living in India exemplifications like UPI can be templates for numerous other countries too. We’d be happy to partake our experience with the world. And, the G20 can be a vehicle for this, ” PM Modi said during his virtual address at the initial meeting of G20 finance ministers and central bank governors in Bengaluru. Saying that India has created a largely secure, largely trusted, and largely effective public digital structure over the once many times, the PM called on the G20 representatives to witness how Indian guests have ‘ willingly ’ espoused digital payments. The two- day meeting of the G20 Ministers will cover issues related to using digital public goods structure for spanning fiscal addition; backing flexible, inclusive, and sustainable metropolises for hereafter; and strengthening multinational development banks to address issues related to sustainable development pretensions. The event was also attended by Finance Minister Nirmala Sitharaman, RBI Governor Shaktikanta Das, International Monetary Fund( IMF) MD Kristalina Georgieva, Economic Affairs Secretary Ajay Seth, Infosys cofounder andco-chair of India’s G20 Task Force on Digital Public structure for Economic Transformation Nandan Nilekani, among others.
Besides, the government has also set up a task force on Digital Public structure for Economic Transformation, Financial Addition and Development to prop in the design. With systems like UPI, ONDC, regard aggregator network and other pieces of the IndiaStack, a host of new startups have surfaced in the country while developing a clutch of new use cases for the government to offer targeted delivery of services and adding translucency and responsibility. The meeting, spread over three sessions on Friday and Saturday, will cover issues like using digital public structure for advancing fiscal addition and productivity earnings, financing flexible, inclusive, and sustainable metropolises for hereafter, and strengthening multinational development banks to address participated global challenges like sustainable development pretensions.